This work focuses on the welfare costs of exposure to shocks and uncertainty linked to trade
openness—a prominent issue in international debate. It contributes by presenting a …

Notwithstanding the reductions in the cost of renewable energy per unit produced, cost
objectives remain a relevant yet understudied topic due to their ability to indicate information …

Countries that are rich in petroleum have less democracy, less economic stability, and more
frequent civil wars than countries without oil. What explains this oil curse? And can it be …

We provide cross-country evidence that rejects the traditional interpretation of the natural
resource curse. First, growth depends negatively on volatility of unanticipated output growth …

Why have so many established political parties across Latin America collapsed in recent
years? Party Brands in Crisis offers an explanation that highlights the effect of elite actions …

We study the effects of stock market volatility on risk-taking and financial crises by
constructing a cross-country database spanning up to 211 years and across 60 countries …

This paper addresses the mechanisms by which trade openness affects growth volatility.
Using a diverse set of export concentration measures, we present strong evidence pointing …

Health and income are strongly correlated both within and across countries, yet the extent to
which improvements in income have a causal effect on health status remains controversial …

Poor countries are more volatile than rich countries, and this volatility impedes their growth.
Furthermore, commodity prices are a key source of that volatility. This paper explores price …

It is widely accepted that countries with sound formal and informal institutions create more
robust environments for firm performance. However, due to the liabilities faced by firms …